BEIJING (Reuters) -China's imports unexpectedly grew in October while exports contracted at a quicker pace, in a mixed set of indicators that showed the world's second-largest economy facing persistent risks despite a recent improvement in domestic demand. The trade figures follow a run of mostly upbeat data that showed Beijing's support measures have helped bolster a tentative comeback, although a protracted property crisis and soft global demand continue to dog policymakers heading into 2024. "The significant improvement in imports may come from rising domestic demand, in particular a demand to replenish stocks."
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The EU insisted on Friday that its economy could survive any retaliation from China, after Beijing warned that Brussels' probe into Chinese electric car subsidies would harm trade relations.Trade with China makes up around 2.5 percent of eurozone GDP, but economy commissioner Paolo Gentiloni appeared to be unfazed by the warning when asked about whether the bloc's economy could survive any tariffs.
Faltering Dragon: Chinese Slowdown, Global Economy And Indian Imperatives – Analysis eurasiareview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurasiareview.com Daily Mail and Mail on Sunday newspapers.
This week in Borderlands: US-Mexico cross-border trade may hit $1 trillion by 2028; Railway expands freight capacity with new bridge in North Texas; Toms taps Texas logistics software provider as U.S. fulfillment partner; and CBP discovers 1st-in-nation pest in Southern California. The post Borderlands: US-Mexico cross-border trade may hit $1 trillion by 2028 appeared first on FreightWaves.